Innodata (NASDAQ:INOD) Cut to Sell at Wall Street Zen

Wall Street Zen cut shares of Innodata (NASDAQ:INOD) from a hold rating to a sell rating in a research note released on Saturday.

Several other equities research analysts have also commented on the stock. Wedbush reiterated an “outperform” rating and set a $90.00 price target on shares of Innodata in a research note on Friday, January 30th. Weiss Ratings downgraded shares of Innodata from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Monday, January 12th. Zacks Research cut Innodata from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, December 9th. Finally, BWS Financial reissued a “top pick” rating and issued a $110.00 target price on shares of Innodata in a report on Friday, January 30th. One research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and two have given a Hold rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $100.00.

Innodata Stock Up 0.8%

INOD stock opened at $45.50 on Friday. The company has a current ratio of 2.68, a quick ratio of 2.68 and a debt-to-equity ratio of 0.07. Innodata has a twelve month low of $26.41 and a twelve month high of $93.85. The company’s 50 day moving average is $52.44 and its two-hundred day moving average is $58.88. The stock has a market cap of $1.48 billion, a P/E ratio of 50.00 and a beta of 2.46.

Innodata (NASDAQ:INOD) last issued its quarterly earnings data on Thursday, February 26th. The technology company reported $0.25 earnings per share for the quarter, topping the consensus estimate of $0.21 by $0.04. Innodata had a net margin of 12.79% and a return on equity of 35.12%. The business had revenue of $72.38 million during the quarter, compared to the consensus estimate of $69.47 million. During the same quarter in the previous year, the firm earned $0.34 EPS. The company’s revenue was up 22.3% compared to the same quarter last year. Research analysts expect that Innodata will post 0.81 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Innodata

Institutional investors have recently bought and sold shares of the company. Jump Financial LLC raised its position in Innodata by 1,058.5% during the 2nd quarter. Jump Financial LLC now owns 391,200 shares of the technology company’s stock worth $20,037,000 after buying an additional 357,433 shares during the last quarter. HRT Financial LP boosted its holdings in shares of Innodata by 746.1% in the second quarter. HRT Financial LP now owns 218,635 shares of the technology company’s stock valued at $11,198,000 after acquiring an additional 192,794 shares in the last quarter. Next Century Growth Investors LLC increased its stake in shares of Innodata by 107.5% during the fourth quarter. Next Century Growth Investors LLC now owns 365,835 shares of the technology company’s stock worth $18,639,000 after acquiring an additional 189,488 shares during the period. First Trust Advisors LP acquired a new position in shares of Innodata during the second quarter worth about $7,825,000. Finally, RFG Advisory LLC purchased a new position in Innodata during the fourth quarter worth about $5,750,000. 30.75% of the stock is owned by institutional investors and hedge funds.

About Innodata

Innodata Inc (NASDAQ: INOD) is a digital services and technology company that specializes in data engineering and artificial intelligence solutions. Founded in 1988 and headquartered in East Brunswick, New Jersey, the company provides structured content and digital transformation services to publishers, media companies, legal and compliance organizations, and other information-intensive industries. Innodata’s platform enables clients to convert unstructured text, images and multimedia into high‐quality, machine‐readable formats that support search, analytics and AI model training.

The firm’s offerings include content enrichment, metadata management, taxonomy development, digital asset management and data annotation services.